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CBIC mandates Registered Taxpayers to quote GSTIN on EXIM Declarations

EXIM Declarations - GST - Taxscan

The Central Board of Indirect Taxes and Customs (CBIC) in a circular clarified that it is mandatory for registered taxpayers to declare GSTIN on EXIM declarations in a bid to strengthen all-round coverage of GST supplies.

Certain cases have been reported where the importer or exporter did not declare their GSTIN in the Bill of Entry /Shipping Bill despite being registered with GSTIN. With the effect from 15.02.2020, the declaration of GSTIN shall also be mandatory in Import/Export documents for the importers and exporters registered as GST taxpayers.

Data analytics by the revenue authorities have detected tax evasion through the black market and under-valuing of imports. It has come in to notice that although importers are paying Goods and Services Tax(GST), they are supplying the goods without a bill. They are typically paying integrated goods and services tax (IGST) on goods they bring into the country. This tax is supposed to be set-off against the actual Goods and Services Tax(GST) paid by the final consumer or claimed as a refund.

GSTIN is a 15-digit PAN-based unique identification number allotted to every registered person under Goods and Services Tax(GST). While importers have to fill the Bill of Entry with Customs department while importing goods, exporters have to file Shipping Bill.

The CBIC said certain cases have come to light where the importer or exporter has not declared their GSTIN in the Bill of Entry/Shipping Bill despite being registered with GSTN.

It was further noticed that the supply of imported goods to domestic channels is done without a bill. Importers typically pay integrated goods and services tax (IGST) on goods they bring into the country. The tax paid is to be set-off against the actual GST paid by the final consumer or claimed as a refund.

Importers are paying Integrated Goods and Services Tax(IGST) on imports but not claiming credit for the same which means the supply of imported goods to domestic channels is done without a bill.

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